The Aroon Oscillator is a vertex fx local script calculating the difference between Aroon-Up and Aroon-Down.
These two indicators are usually plotted together for easy comparison, but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line. An upward trend bias is present when the oscillator is positive, while a downward trend bias exists when the oscillator is negative. Chartists can also expand the bull-bear threshold to identify stronger signals.
These two indicators are usually plotted together for easy comparison, but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line. An upward trend bias is present when the oscillator is positive, while a downward trend bias exists when the oscillator is negative. Chartists can also expand the bull-bear threshold to identify stronger signals.
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